SoylentNews

Today, the President is announcing that the Department of Energy will make available releases of 50 million barrels of oil from the Strategic Petroleum Reserve to lower prices for Americans and address the mismatch between demand exiting the pandemic and supply.

Says a lot about his climate shtick.. You are supposed to believe that releasing a couple of days worth of consumption will make a difference, and he is hoping it will buy some votes. Was the strategic reserve's real purpose always just to manipulate prices for political gain?

he is also focused on how consolidation in the oil and gas sector may be resulting in anti-competitive practices that keep American consumers from benefitting when oil prices fall.

Gee! To bad Carter didn't think of that...

I suppose, if they really wanted to increase global supply, they could drop the atrocious sanctions against Venezuela and Iran and Russia, but, you know, that's not what the game is about.

Poor democrats, they have nobody to run in 2024. and in the midterms, they are working hard to lose as many seats as possible, more than 2010... Reelecting your old relics that make and break promises is certainly helpful in that regard. By all means, carry on